Cho, Myojung; Shon, John; Xie, Yuan - In: The International Journal of Business and Finance Research 3 (2009) 2, pp. 169-174
We examine the actions that insurance firms take immediately after the September 11 attacks to reduce information asymmetries. We find that voluntary disclosure behavior is positively related to the magnitude of the September 11-related loss. Conditioning for the loss, disclosure behavior also...
